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Pharoah Company had the following results during the most recent year: sales $ 4 2 9 , 6 0 0 ; residual income $ 5

Pharoah Company had the following results during the most recent year: sales $429,600; residual income $5,370; investment
turnover 2.40 ; and a required rate of return of 18%.
(a)
Calculate the total assets.
Total Assets
$
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